Social Security Fund overseas investment next year or up to 200 billion

Liu Xing, December 16, the National Social Security Fund Council President Dai Xianglong said on the day of the Asian Pensions Roundtable, in order to further improve governance, improve the value of the value-added level, in view of the fund in the past 10 years there is no significant expenditure arrangements, to reduce the investment in fixed-income products, to maintain the proportion The proportion of foreign investment from the current 7% progress to 20%.　　After the adjustment, the proportion of the National Social Security Fund overseas investment has advanced to the investment ceiling. On the October 28 of this year, Dai said in Shanghai, the second China Industry International Competitiveness Forum, the 2010 National Social Security Fund total will reach 1 trillion yuan.　　If this according to the proportion of 20%, the National Social Security Fund in 2010 to invest in foreign funds or will be as high as 200 billion yuan, compared with the 2009 39.366 billion of the amount of overseas investment funds greatly increased. Not only has the National Social Security Fund invested significantly in overseas investment, but it has also grown in scale. According to Dai, the National Social Security Fund will open up investment in unlisted companies and equity investment funds abroad.　　This will greatly expand the scope of the National Social Security Fund foreign investment targets. A researcher who has studied the Social Security Fund for many years told reporters: "The National Social Security Fund announced that the proportion of foreign investment is also likely to be in the current increase in the appreciation of the renminbi under the situation, the appropriate guidance to the public opinion, but also prompted some funds from the domestic outflow."　　According to the National Social Security Fund 2008 Annual report, at the end of 2008, the National Social Security Fund total assets of 562.37 billion yuan, to 7% of the foreign investment ratio, 2009 investment in the foreign capital amount of 39.366 billion yuan. However, Dai did not give a specific timetable for the National Social Security Fund to improve its overseas investment ratio.　　Many people interviewed by the industry said that the Social Security Fund overseas investment needs to have the right knowledge of the risk. This January-June, the National Social Security Fund Equity investment income is 51.2 billion yuan, the fund equity investment return rate is 9.99%.　　As of June 30, the establishment of 9 years, the National Social Security Fund accumulated investment income of 211 billion yuan, the average annual investment return rate of 9.63%.　　From the above data, the report looks bright, but there are a lot of hidden risks.　　Due to the international financial crisis, domestic and foreign stock market significantly decline in 2008, the National Social Security Fund 2008 net loss of 39.37 billion yuan, the fund equity investment income is 6.75%, this is the first time since the establishment of the National Social Security Fund investment losses.　　Dai also said in February this year that the Social Security Fund could adjust its investment strategy to cope with the global financial crisis and the slowdown in domestic economic growth. According to the 2009-2013 National Social Security Fund strategic asset allocation plan and the 2009 Tactical Investment Plan shows that 2009 to carefully carry out stock investment, increase investment products, improve the governance of investment governance; To ensure the security of the Fund, to achieve the fund to maintain value and increase the level of asset allocation, progressInvestment quality, strengthen fund cash flow management. As of September 2009, the value of the assets under the Social Security Fund was 678 billion yuan, of which, investment in fixed-income products accounted for 45%, domestic and foreign stock investment accounted for 30%, unlisted business enterprises and equity investment funds accounted for 20%, and cash investment accounted for 5%.